Prediction markets platform Kalshi is preparing to launch crypto trading in the United States, according to a report from The Information, expanding beyond its core prediction markets business as competition heats up in both sectors. The platform plans to start by offering perpetual futures contracts linked to crypto tokens such as bitcoin. BTC$75,882.18people familiar with […]
April appears to be a lost cause for the Crypto Clarity Act, but a U.S. Senate committee hearing in May could keep the critical market structure legislation alive, provided it can reach a final vote by the full Senate by July, according to lobbyists and a lawmaker aide focusing on the market structure bill’s slow
Crypto’s Big Hope in Senate Clarity Act Still Has Way to Survive Tight Timetable Read More »
The big picture: The film Finding Satoshi aims to solve what its creators call one of the greatest financial mysteries ever created. Director Tucker Tooley said the project combines investigative reporting with stories about “a human being” behind Bitcoin. The team deliberately avoided conspiracy tropes, instead focusing on Satoshi’s motivations, struggles, and background. The mystery
Filmmakers track down crypto’s biggest mystery Read More »
New York sued Coinbase and Gemini on Tuesday, becoming the latest state to claim that the prediction market’s contracts covering sports, entertainment and elections violate state gambling laws. According to the lawsuits, Coinbase and Gemini’s prediction market offerings are actually unlicensed gaming products, underscoring how the companies advertised their prediction markets and their role as
New York sues Coinbase and Gemini over prediction market offerings Read More »
Core Scientific (CORZ) is preparing to raise $3.3 billion through a junk bond sale as it continues its transition to artificial intelligence-driven data center operations. The demand for AI services has pushed data centers, power supplies, and advanced chips to their limits. To keep up, companies are tapping riskier segments of the debt market to
Core Scientific Seeks to Sell $3.3 Billion Bonds to Drive AI Data Center Pivot Read More »
Prediction markets are gaining traction as a new growth area for Coinbase (COIN) and Robinhood (HOOD), as investors look beyond a weak first quarter for crypto trading and focus on future products, according to Cantor Fitzgerald analyst Ramsey El-Assal. El-Assal said “investors are increasingly treating quarterly releases as retrospective,” with their attention shifting to “forward-looking
Carmine Agnello, the grandson of mob boss John Gotti, was sentenced to 15 months in prison for defrauding the US government’s Covid funding system of $1.1 million, which he used to invest in crypto, the Justice Department said. In a statement Monday, the U.S. Attorney’s Office for the Eastern District of New York said Agnello
A major decentralized finance (DeFi) hack could prompt Wall Street firms to reassess the pace of their blockchain and tokenization efforts, a Jefferies analyst wrote in a report. The note follows a $293 million Kelp DAO exploit on April 18, in which attackers created uncollateralized tokens and used them as collateral to borrow other assets
Cryptocurrency and crypto markets fell on Tuesday as Federal Reserve chairman nominee Kevin Warsh said US President Donald Trump never demanded he cut rates when he took over the central bank. Speaking before the Senate Banking Committee, Warsh emphasized the independence of the Federal Reserve, fending off speculation about political pressure on rate decisions. “I
BTC Slides as Fed Chair Candidate Warsh Says Trump Didn’t Demand Rate Cuts Read More »
Cryptocurrency-friendly British fintech company Revolut has informed investors that it is targeting a valuation of up to $200 billion when it lists, the Financial Times reported on Tuesday. Europe’s largest fintech company recently said it would not seek to list until 2028 and had not set any formal valuation targets, following a share sale in
Revolut aims for $200 billion IPO just months after selling its shares for $75 billion Read More »
